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Democrats lodged an ethics complaint against Josh Hawley and Ted Cruz nearly two years ago. No one's heard anything since from the Senate Ethics Committee, which one advocate calls a "black hole." Democratic Sen. Sheldon Whitehouse of Rhode Island led the complaint against Cruz and Hawley. Democratic Sen. Chris Coons of Delaware and Republican Sen. James Lankford of Oklahoma, the chairman and vice-chairman of the Senate Ethics Committee. Little has emerged in the last two years to suggest that Cruz and Hawley were intimately involved in the assault on the Capitol.
The new Congress, which begins this week, will have five politically-split Senate delegations. But in the new Congress, which begins this week, only five states will have split Senate delegations: Maine, Montana, Ohio, West Virginia, and Wisconsin. AP Photo/Matthew BrownMontanaDemocratic Sen. Jon Tester and Republican Sen. Steve DainesTester was first elected to the Senate in 2006 and secured reelection in both 2012 and 2018. Tom Williams/CQ-Roll Call, Inc via Getty ImagesWest VirginiaDemocratic Sen. Joe Manchin and Republican Sen. Shelley Moore CapitoManchin is perhaps the nation's most recognizable moderate Democrat, having single-handedly scuttled Biden's Build Back Better agenda in December 2021. WisconsinRepublican Sen. Ron Johnson and Democratic Sen. Tammy BaldwinThe Badger State is often home to some of the closest races in the entire country.
A record number of womenSenator-elect Katie Britt in the Capitol on November 15, 2022. Tom Williams/CQ-Roll Call, Inc via Getty ImagesThe 118th Congress is shaping up to be the most diverse ever. A record 149 women will serve, making up almost 28% of the legislative body and expanding the current count by two, according to data compiled by Rutgers' Center for American Women and Politics. Among them are 22 new House members and one new senator, Republican Katie Britt of Alabama. The other 15 women are Democrats.
WASHINGTON — Patrick Leahy was swept into the Senate nearly a half-century ago in the wake of the Watergate scandal and President Richard Nixon’s resignation and pardon. Ron Frehm / APSen. Leahy take photos on the inaugural stand during Barack Obama's presidential inauguration at the Capitol on Jan. 21, 2013. Let’s stay here and vote where we can be seen.”Sen. Leahy, D-Vt., walks to the Senate Chamber on Jan. 6, 2021. Ira Schwarz / APSupreme Court nominee Judge Sonia Sotomayor is sworn in by committee chairman Sen. Leahy, D-Vt., during her confirmation hearing in 2009 in Washington. Richard Shelby, R-Ala., and Patrick Leahy, D-Vt., in the Senate subway.
Here are 22 of our top LGBTQ news stories of the year. Ron DeSantis signed the controversial Parental Rights in Education law — or what critics have dubbed the “Don’t Say Gay” bill — on March 28. 'It’s already having an impact': LGBTQ people fear abortion rights reversalA supporter of gay marriage waves a flag in front of the Supreme Court on June 25, 2015. Nicola Goode / Prime VideoAmazon’s “A League of Their Own” series, which debuted Aug. 12 and was inspired by the 1992 cult classic by director Penny Marshall, brought much-needed representation to the screen for lesbians and other queer women, who celebrated how “gay, gay, gay” it was. Biden signs same-sex marriage bill at White House ceremonyPresident Joe Biden signs the Respect for Marriage Act on the South Lawn of the White House on Dec. 13.
Lawyers representing Trump keep getting sanctioned by courts. Sixteen different lawyers have been sanctioned over failed lawsuits brought on the former president's behalf. Many of Trump's lawyers, even if they are not sanctioned, end up needing lawyers of their own to ward off the worst consequences. Still, as many 16 lawyers have been personally sanctioned because of their work for Trump, and Insider has compiled a list. The least successful, however, was a sprawling lawsuit Trump filed against Hillary Clinton, the Democratic National Committee, and several other figures linked to Clinton's 2016 presidential campaign.
But first, Wells Fargo heads to the penalty box, again. Wells Fargo faces the music. The regulators have once again come knocking at Wells Fargo, and it ain't pretty. Wells Fargo was ordered to pay $2 billion back to customers and pay a $1.7 billion civil penalty by the Consumer Financial Protection Bureau (CFPB) for illegal activity involving auto loans, mortgages, and deposit accounts that impacted over 16 million accounts. "Wells Fargo is a corporate recidivist," CFPB Director Rohit Chopra told reporters on a call Tuesday, according to The Wall Street Journal, adding that the settlement "should not be read as a sign that Wells Fargo has moved past its longstanding problems."
Former House Speaker John Boehner paid a tearful tribute to Nancy Pelosi on Wednesday at the unveiling of her official portrait in the U.S. Capitol. "My girls told me tell the speaker how much we admire her," Boehner said, choking back tears as he spoke. Speaker of the House Nancy Pelosi, D-Calif., greets former Speaker John Boehner, R-Ohio, during a portrait unveiling ceremony for Pelosi in the U.S. Capitols Statuary Hall on Dec. 14, 2022. Tom Williams / CQ-Roll Call, Inc via Getty ImagesPelosi, who in 2007 became the first female speaker of the House, had joked about Boehner’s penchant for tears when she spoke at his portrait ceremony in 2019. She will be succeeded by Rep. Hakeem Jeffries of New York, the first Black lawmaker to lead a congressional caucus.
CNN —Survivors of the Club Q mass shooting directly tied Republicans’ rhetoric to the massacre at the Colorado LGBTQ nightclub and detailed their experiences on the night of the shooting, in prepared testimony read before the House Oversight and Reform committee Wednesday. He also placed direct blame on lawmakers’ hateful rhetoric, saying it was “the direct cause” of the Club Q massacre. “Hate rhetoric from politicians, religious leaders, and media outlets is at the root of the attacks like at Club Q, and it needs to stop now. When Club Q owner and survivor Matthew Haynes read his prepared remarks, he seemed to push back directly at Comer, saying, “I know that we, our Club Q community, are in the thoughts and prayers of so many of you. They’re not changing the rhetoric of hate.”“We need safe places like Club Q more than ever.
New York CNN —Lawmakers are demanding that Sam Bankman-Fried, the founder of the failed crypto exchange FTX, appear before the Senate Banking Committee next week over “significant unanswered questions ” surrounding the collapse of his companies. FTX was one of the biggest crypto exchanges in the world until last month, when it faced a sudden wave of customer withdrawals that it couldn’t cover. One of the key questions prosecutors are likely to probe is whether FTX misappropriated customer funds when it made loans to Alameda. The Times said the issue is part of a broadening inquiry into the collapse of FTX, and it’s not clear whether prosecutors have determined any wrongdoing by Bankman-Fried. In a statement to the paper, Bankman-Fried said he was “not aware of any market manipulation and certainly never intended to engage in market manipulation.”
After two years of pandemic-fueled, double-digit growth in Bank of America card volume, "the rate of growth is slowing," CEO Brian Moynihan said Tuesday at a financial conference. It was a similar story at rival Wells Fargo , according to CEO Charlie Scharf, who cited shrinking growth in credit-card spending and roughly flat debit card transaction volumes. Fortified by pandemic stimulus checks, wage gains and low unemployment, American consumers have supported the economy, but that appears to be changing. "There is a slowdown happening, there's no question about it," Scharf said. Bank of America's Moynihan said he expects three quarters of negative growth next year followed by a slight uptick in the fourth quarter.
Time has largely run out in this Congress to ban lawmakers from trading stocks. On Monday, he told Insider in a statement that he would "keep pushing to get this debated on the floor and get it passed." Democratic senators formed a working group, with Senate Majority Leader Chuck Schumer's blessing, to draft legislation to ban stock trading among lawmakers. In the Senate, Democratic Sen. Elizabeth Warren of Massachusetts told Insider that it was "not yet" time to declare the effort dead, pointing to ongoing discussions. "I support a stock ban for members of Congress," he told reporters in September.
And while I've got you here, it's time to start thinking about gifts with the holidays season in full swing. Do you know what's an informative, funny gift that has a long shelf life and, most important of all, is free? FTX Cryptocurrency exchange CEO Sam Bankman-Fried at a hearing on Capitol Hill on May 12, 2022. But the main attraction at The New York Times DealBook Summit on Wednesday was Sam Bankman-Fried. And frankly conflict of interest risk," SBF said.
"I've had a bad month," Bankman-Fried added later. Sorkin asked Bankman-Fried what motivated his acquisitions in the crypto industry, given the size of Alameda's borrowing from companies Bankman-Fried intended to acquire. Bankman-Fried claimed that he believed that by the middle of 2022, Alameda had repaid all lines of credit to various borrowing desks. Sorkin asked Bankman-Fried why FTX and Bankman-Fried even had access to customer money. By 2022, Bankman-Fried claimed, that number was down to 2%, which led him to believe that FTX's exposure was lessened.
“Let’s say no to Norma Torres because she has caused so much harm to El Salvador,” one of the many tweets read. The State Department considers this an attempt to influence the elections. You can say someone is interfering with the election, you can call it election interference. El Salvador President Nayib Bukele and his party Nuevas Ideas, or New Ideas, and its allies won the biggest congressional majority in the country’s history. Bukele and Torres met once in 2019 when she was with a congressional delegation visiting El Salvador.
November marks Native American Heritage Month, and the following 10 LGBTQ+ Indigenous trailblazers are bringing important representation to TV, challenging traditional gender expectations at powwows and elevating issues affecting Indigenous people, such as the epidemic of missing and murdered Indigenous women. Tom Williams / CQ Roll Call via AP fileRep. Sharice Davids, a member of the Ho-Chunk nation, became the first LGBTQ Native American elected to Congress and one of the first Native American women to serve in Congress after winning her race for Kansas’ 3rd Congressional District in 2018. Scott, of Aurora, Colorado, who uses she and they pronouns, leverages her platform to highlight issues affecting the queer Indigenous community. “I just want to flood the industry with Indigenous people, Indigenous models, Indigenous stories, and Indigenous designers.”Kali Reis (KO)Kali Reis, who is Seaconke Wampanaak and Cape Verdean, is a trailblazing Indigenous two-spirit athlete who wears many hats. Native American Heritage Month invites non-Native folks in joining us in recognizing our histories and celebrating our communities.
Nancy Pelosi announced Thursday she will not be seeking re-election as House Democratic leader. Dozens of politicians, Republican and Democratic alike, expressed their gratitude for Pelosi's leadership. President Joe Biden greets Speaker of the House Nancy Pelosi, and Democratic Caucus Chair Hakeem Jeffries, before Biden addressed the House Democratic Caucus Issues Conference in Philadelphia earlier this year. "Nancy Pelosi's historic ascension to become the first woman Speaker of the House will forever inspire our nation on the power of possibility," he said. "Look I've been on both sides of Nancy Pelosi, it's much more pleasant when you're on the good side of her.
Democrats could have prevailed had their state party — which was busy deflecting progressive criticism of their conduct — marshaled better infrastructure and financial support for swing-district candidates. The icing on this rotten cake is that New York Democrats have no one to blame but themselves. Facing challenging new maps, Maloney and his moderate allies panicked that many of the popular progressives who had already announced their candidacies simply could not win. In a moment of exceptional self-unawareness that only underscored the broader myopia of establishment New York Democrats, Maloney took the news of his loss Tuesday as an opportunity to swipe at Ocasio-Cortez. Seth Wenig / AP fileBetween interparty bad blood and challenging electoral maps, the Democratic Party machine also appeared uninterested or unable to translate Democratic enthusiasm into meaningful on-the-ground organizing.
Go inside big banks like Goldman Sachs and other power players in finance with our daily newsletter 10 Things on Wall Street. Find out what's going on in the markets and crypto with our weekday newsletter 10 Things Before the Opening Bell. Shock and anger at MetaDrew Angerer/Getty ImagesMeta let go of 11,000 employees this week, the first mass layoff in the company's 18-year history. And it's not clear which divisions and roles were most affected — even to thousands of shell-shocked employees who remain at Facebook's parent company. For more on the Meta layoffs:How a crypto kingpin went downSam Bankman-Fried, founder of crypto exchange FTX.
watch nowFrom the FTX bankruptcy and downfall of crypto "rock star" Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. "Without a doubt, Sam Bankman-Fried is a genius," said Yale School of Management leadership guru Jeffrey Sonnenfeld in an interview with CNBC's "Fast Money" on Thursday. "But what's hard is that somebody has to be able to put on the brakes on them and ask them questions. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesBut boards are often unable to manage genius, Sonnenfeld said. Tesla shares have not been immune from Musk's Twitter takeover, with the stock plummeting this week after Musk told Twitter employees on Thursday he sold Tesla stock to "save" the social network.
He said she didn't help the party enough, an allegation she denies. Moloney was asked by The New York Times on Thursday who was to blame for their party's poor performance. The Times' question related to criticism that Ocasio-Cortez gave of the New York Democratic party on Thursday, also to The Times. She also said the party was fractured there: "Not once has the New York State Democratic chair ever called me. Didn't do anything for our frontline candidates except give them money when they didn't want it from her."
But in the tech world: There's one thing we can't seem to escape — layoffs. Elon Musk's Twitter is asking some laid-off workers if they want to come back. Meanwhile, some tech workers who have been laid off are taking to TikTok to post "get ready with me" videos wherein they film themselves — you guessed it — getting ready to be laid off. According to people familiar with the company, divisions including marketing, partnerships, HR, and engineering will be among the hardest hit. Elon Musk is looking to rehire Twitter workers.
Sam Bankman-Fried, founder of crypto exchange FTX. In a stunning reversal of fortune for an industry built on reversals of fortune, Bankman-Fried, more commonly known as SBF, announced that FTX, the crypto exchange he founded, would be acquired by rival exchange Binance. From a deals perspective, a few things worth noting:There wasn't a banker in sight for what could arguably be one of the most important transactions in the history of the crypto industry. for what could arguably be one of the most important transactions in the history of the crypto industry. Here's everything to know about the lead up to one of the wildest deals in crypto history.
WASHINGTON — Arizona Republican Party Chair Kelli Ward asked the Supreme Court on Wednesday to prevent her phone records from being disclosed to the congressional committee investigating the Jan. 6 riot. Circuit Court of Appeals, rejected Ward's arguments that the subpoena issued by the committee should be blocked. The committee is currently only pursuing Kelli Ward's records. At the Supreme Court, Ward argued the subpoena violates her right to freedom of association under the Constitution's First Amendment. Those actions have come under scrutiny by the Justice Department as well as the Jan. 6 committee.
Semiconductor stocks have been beaten down this year, but HSBC still sees some upside for Club holdings Qualcomm (QCOM) and Advanced Micro Devices (AMD). Shares of Qualcomm were down 0.23%, at $115.47 a share, while shares of AMD were down more than 1%, at $58.18 a share, in midday trading. The analysts argued Qualcomm is well-positioned for growth because of its diversified revenue streams, aided by its automotive and internet of things pipelines — a view the Club shares. At the Club, we've been responding to chip industry pressures by recently reducing our exposure, selling shares of Qualcomm , AMD and Marvell Technology (MRVL). And we agree with HSBC that semiconductor firms like Qualcomm and AMD have competent management teams and leading technology portfolios.
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